TN govt inks pact worth Rs 900 cr with Microchip, Nokia, PayPal during CM's visit to San Francisco

The Tamil Nadu government has secured commitments from major industrial companies including Nokia, PayPal, Yield Engineering Systems, Microchip, Infinx, and Applied Materials, totaling Rs 900 crore to create 4,100 jobs in Chennai, Coimbatore, and Madurai. These agreements were signed during a recent investors' meeting in San Francisco, led by Chief Minister M.K. Stalin, who is on a US tour to attract investment for the state's goal of becoming a $1 trillion economy by 2030.